Blord Group’s CEO Under Fire: Allegations of Cryptocurrency Fraud and Regulatory Violations
In a significant development, the Nigerian Police Force (NPF) has publicly announced an ongoing investigation into BLORD Group of Companies, including its subsidiaries BLORD Real Estate Ltd, BLORD JetPaye Limited, and Billpoint Technology. This follows complaints of alleged cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks.
Official Statement from NPF
The announcement, made via the NPF’s Facebook page, stated:
“ALLEGED FRAUD, VIOLATION OF CBN ACT, POLICE INTERROGATES CEO BLORD GROUP OF COMPANIES, LINUS WILLIAMS
The FCID (NPF-NCCC) is currently investigating complaints lodged against BLORD GROUP, BLORD REAL ESTATE LTD, BLORD JETPAYE LIMITED, and BILLPOINT TECHNOLOGY. These offences include allegations bothering on cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks.
We will do due diligence in our investigations. Our cyberspace in Nigeria must be safe and secured by all means. We are committed to achieving that.
ACP OLUMUYIWA ADEJOBI”
Background and Context
BLORD Group, led by Anambra-born businessman Linus Williams, has recently come under intense scrutiny. Prior to the police’s official statement, popular activist Verydarkman posted a video claiming he reported Linus Williams to the Nigerian Police Force Cybercrime Unit. His grievance stemmed from what he described as BLORD’s negligence in addressing customer complaints related to the Billpoint App.
Verydarkman, in his initial video, explained that he had contacted Williams to advise him to address these complaints. Instead of taking constructive action, Williams allegedly mocked Verydarkman, derisively referring to him as “from a poor father.” This response reportedly incited Verydarkman to escalate the matter to the authorities.
Continued Accusations and Public Response
Earlier today, Verydarkman released another video, asserting that Williams would not be released anytime soon. He mentioned that numerous Nigerians had previously filed various suits against Williams at the Nigerian Police offices, predating his own complaint.
Implications for Linus Williams
This unfolding situation puts Linus Williams in a precarious position. The allegations, if proven, could have severe legal and financial repercussions. Furthermore, the public nature of these accusations, amplified by Verydarkman’s significant following, adds a layer of reputational damage that could impact customer trust and business operations.
Commitment to Cybersecurity
In the NPF’s statement, ACP Olumuyiwa Adejobi emphasized the importance of a secure cyberspace in Nigeria and the police’s commitment to achieving this. The investigation into Linus Williams’ Group is framed within this broader mandate to safeguard Nigeria’s digital environment.
Moving Forward
As the investigation progresses, it remains to be seen how these allegations will be resolved and what the broader implications for Nigeria’s cryptocurrency and digital fraud landscape will be. The actions of both the authorities and the public figures involved will likely continue to influence the narrative and outcome of this high-profile case.
Stay tuned to Gist Detective for updates on this and other developing stories.
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